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Property Description

Commercial information

Business for sale

Key features

Extensively Refurbished, Public Bar

12 En-Suite Letting Rooms, Lounge Bar

Owners Chalet, Function Suite

EBITDA in excess £108,000 (2014/2015)

Full description

Tenure:Freehold

DescriptionMyrtle Bank Hotel is an extremely well run business that has been operated by the current proprietors since 2006. The property has been placed on the market due to the current proprietor’s wish to retire. The business trades throughout the year and benefits from much repeat custom. It's quality is reflected in the number of awards it currently holds such as achieving 4.5 out of 5 on trip advisor and being ranked number 1 in the area. Additional marketing is carried out through its own informative website www.themyrtlegairloch.co.uk. Since purchasing the business in 2006, the current vendors have carried out extensive refurbishment, including all roofs, electrics, fire system and fire doors. In addition, the vendors have replaced the majority of kitchen equipment and have installed a large patio area to the front offering uninterrupted views across the loch to the Isle of Skye and the Hebrides.

SituationGairloch is a village, civil parish and community on the shores of Loch Gairloch in Wester Ross, in the North-West Highlands of Scotland. A popular tourist destination in the summer months, Gairloch has a golf course, a small museum, several hotels, a community centre, a leisure centre with sports facilities, a local radio station, beaches and nearby mountains. The Myrtle Bank Hotel occupies an enviable location overlooking the Loch in the centre of the village. The hotel is located on the NC500 coastal route which attracts further custom.

Building internalMyrtle Bank is a traditionally constructed detached property set over two levels. The main entrance is from the front, which in turn leads to all areas private and public. On entering you are welcomed through an entrance vestibule, leading into the large conservatory. The conservatory is of timber construction with double glazed windows and is well furnished with wicker furniture, benefiting from views over the loch. Moving through from the conservatory you are welcomed by a well presented and spacious reception. The reception desk is located to the rear of the room which is tastefully decorated and benefits from a feature fireplace with several large sofas. To the left of the reception you will find the lounge bar. The lounge bar is set over two levels with a lower seating level located to the left on entering. The lounge benefits from its own bar and can accommodate 40+ guests, again well presented and furnished, offering a relaxed and casual dining area for guests and residents overlooking the loch to the front. The public bar at ‘the Myrtle’ benefits from its own entrance off the rear of the property. The public bar proves popular with locals and benefits from a juke box, pool table, dart board and large screen TV. The bar is well presented, traditionally decorated and furnished with high tables and bar stools. To the right of the reception, you will find the function suite and breakfasting room of Myrtle Bank. This is located to the right and set down a few steps from the function suite area. This space can seat 40 persons and is well furnished along with carpeted flooring. The restaurant is of open plan design, giving access for additional seating for the function suite. The function suite can accommodate 125+ persons seated for a function. The function suite benefits from its own bar and large dance floor area.

Letting AccommodationThe Myrtle Bank Hotel has 12 ensuite letting rooms. All room are located on the first floor of the property. The letting room are a mix of single, double and twin configuration. Room 10 is the luxury suite, with separate lounge, sea views and large flat screen TV, and benefits from a luxury bathroom with a free standing roll top bath. The rooms all benefit from flatscreen TV with ‘freesat’, hospitality trays, direct dial telephones and luxury toiletries.

Owners AccommodationTo the rear of the property you will find the owner's chalet. The chalet offers excellent accommodation. The chalet features two double bedrooms, shower room, lounge and dining kitchen. The kitchen area is fully equipped with integrated appliances and wall and floor cupboards.

Service AreasAs expected with a property the size of Myrtle Bank. There are extensive service areas. The property benefits from a large fully equipped commercial kitchen, with many new appliances. The kitchen also has a dish wash area, food preparation area along with a walk in chill and freezer as well as a dry store. Other service areas include cellar, spirit cupboard, laundry, manager’s office along with several linen cupboards on the first floor.

ExternalThe property sits commandingly within its own grounds. To the rear you will find a large grassed area, along with external storage. The property has previous planning for a 2 bedroom dwelling. This has now lapsed. To the front you will find a large patio dining area. This area was added in 2014 by the current vendor and offers dining for 36+ guests. To the front of the patio is a grassed area and parking for 22 cars.

ServicesThe property benefits from mains electricity, water and drainage, with oil CH and tanked LPG for cooking.

TenureThe property is held on the Scottish equivalent of freehold.

LicenceThe business trades with the benefit of a full Hotel Licence, and conforms to all fire regulations.

SummaryThe sale of Myrtle Bank Hotel offers a rare opportunity to purchase a high quality, beautifully presented turnkey and ready to trade property and business which is trading well but with potential for expansion of both the business and property. Viewing is highly recommended.

PriceOIRO £879,950 are sought for the heritable property, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.

InventoryAn inventory will be compiled to detail all items of a personal nature excluded from the sale and items subject to lease; this will be available to all parties wishing to offer.

Viewing Strictly by appointment through the sellers’ sole agents, Bruce & Company. Please remember when viewing that staff and locals may not be aware that the business is on the market and we would be grateful if you do not talk openly about the business while in the area.

Call to ActionAll offers, couched in Scottish Legal Terms, should be submitted to the seller’s sole agents Bruce & Company.

Further InformationShould you require further information on this or any other property, please do not hesitate to contact us on 0131 314 0660.

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Disclaimer-
Property reference 44416.
The information displayed about this property comprises a property advertisement.
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